Summary - 5a Ward Street FY1 6HQ
2 bed 1 bath End of Terrace
Small freehold investment with immediate rental income and refurbishment potential.
Over 10% gross yield with tenant in situ
A compact two-bedroom end-of-terrace offering immediate rental income with a tenant in situ and an advertised gross yield above 10%. The property is small (approximately 345 sq ft) and sold freehold by modern auction, suiting buyers seeking an income-producing addition to a portfolio.
Accommodation includes a living room, kitchen-diner and rear yard on the ground floor, with two bedrooms and a bathroom above. The home has mains gas central heating and double glazing installed after 2002, which help with running costs. Council tax is very cheap.
The house is dated and in need of modernization; internal photos mention damp marks and general wear. Walls are cavity construction with no added insulation assumed. The location is in a very deprived area with very high crime levels, which can affect tenant demand and resale. Good transport links nearby (Blackpool South station and local buses) support lettability.
This is a clear investor-targeted opportunity: buy-to-let purchasers comfortable with a small, lower-value asset and potential refurbishment can start with rental income immediately. Buyers should budget for updating, possible damp remediation, and factor local area challenges into yield and exit plans.
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